Ian Gunner
Ian Gunner
consensus continue course disturb economy german information market suggesting throughout wealth
I think there's a whole wealth of information suggesting that things are on the mend... I don't think this is really going to disturb market consensus that the German economy will continue throughout the course of this year.
benefit continue dollar fed increases next pause rate reason signal
I don't think the Fed are going to signal any kind of pause in rate increases next week. There's no reason the dollar can't continue to benefit from the rate advantage.
dollar fighting fights-and-fighting happening japan realize
Japan doesn't like what is happening but they realize they are fighting a broad-based dollar decline.
confused deliberate people shift stance united until
People are confused about the United States' stance on the dollar. Until there is a deliberate shift in U.S. policy, the dollar's downtrend could continue.
confused deliberate people shift stance united until
People are confused about the United States' stance on the dollar, ... Until there is a deliberate shift in U.S. policy, the dollar's downtrend could continue.
difficult moves people sort uncertain
People are just uncertain (on U.S. rates) and that sort of uncertainty will make it very difficult to get real directional moves in euro/dollar.
appear fact future hike hikes rate rather saying suggest
The fact that he is saying 'moderately augment' would appear to suggest that this will be a 25bp rather than a 50bp hike and that future rate hikes may also be limited.
ahead asia buy case change china liquid people
People want to buy Asia ahead of the G7 in case China does anything or there is a change of language. And if you want to buy Asia the yen is a liquid vehicle.
bit level low move pile sharp surprised until
We're consolidating Friday's sharp move lower. I wouldn't be surprised to see a bit of a pullback first. I wouldn't want to pile in until see $1.1759 level give away -- the low for 2004,
decent dollar equity hang hat market needs news sentiment turn
Sentiment is still dollar negative, and it will take some very decent equity news to turn this around. The market needs something to hang its hat on.
longer reaction
There was a big knee-jerk reaction to the Moody's upgrade, but longer term, I don't think much has changed.
argument rate rates time
The U.S. rate argument is unequivocal. Rates are going to keep on going up for the time being.
bank central european excuses hands information looking people suggesting tied wealth
If people are looking for excuses as to why the European Central Bank may feel their hands are a little tied in the short-term (on rates) they could use this, but I think there's a whole wealth of information suggesting that things are on the mend.
changes meeting might next terms unclear
I don't think it changes anything too much, in terms of what he might do at the next meeting -- it's unclear but he's very much in the minority.